The words “affordable” and “insurance” really don’t belong together, specifically when shopping around for the cheapest auto insurance for handicapped drivers. To save some money, let’s start the ball rolling by going over some of the things that can significantly affect auto insurance premiums, and see if we can help you lower the cost of the next policy you buy.
For drivers with handicaps, one of the more important considerations that help determine the amount you pay for auto insurance is where you normally keep your vehicle. Cities with more crime and/or more people tend to have more expensive car insurance rates, whereas areas with less crime or weather claims can boast about having cheaper rates.
The next table lists the most expensive areas in Indiana for handicapped drivers in which to purchase auto insurance. Fort Wayne is ranked #18 having an annual price of $956 on average, which is approximately $80 per month.
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Prices are comparative as specific location information can raise or lower prices noticeably.
The type of vehicle that is being insured is one of the largest considerations when consumers are trying to find cheap car insurance for handicapped drivers. Vehicles with higher performance, poor safety ratings, or a history of substantial liability claims will cost quite a bit more to insure than more economical and safe models. The list below illustrates insurance costs for a selection of the most cost-effective automobiles to buy insurance for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$995|
|Honda CR-V LX 4WD||$1,002|
|Ford Escape XLT 2WD||$1,027|
|Jeep Wrangler Rubicon 4WD 2-Dr||$1,113|
|Honda Civic EX 4-Dr Sedan||$1,121|
|Toyota Tacoma X-Runner 2WD||$1,134|
|Honda Odyssey Touring||$1,154|
|Hyundai Sonata GLS 4-Dr Sedan||$1,164|
|Chevrolet Malibu LS||$1,177|
|Dodge Grand Caravan Crew||$1,201|
|Ford Explorer Limited 2WD||$1,207|
|Honda Accord LX-S 2-Dr Coupe||$1,212|
|Toyota RAV4 4WD||$1,221|
|Ford Focus SE 2-Dr Coupe||$1,212|
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Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Prices do not factor in the specific area where the vehicle is garaged which can alter premiums noticeably.
Looking at the rates, you can see that cars like the Hyundai Elantra, Honda CR-V, and Ford Escape are going to be the more affordable vehicles to insure for drivers with handicaps.
Should you buy full coverage?
Finding cheaper auto insurance should be important to most vehicle owners, and one of the best ways to buy cheaper insurance for handicapped drivers is to only buy liability insurance. The information below illustrates the comparison of yearly insurance costs with full coverage compared to only the Indiana minimum liability coverage. The premium estimates are based on no claims or driving citations, $250 deductibles, single status, and no discounts are applied.
As an average, comprehensive and collision coverage on your policy costs an extra $1,975 per year over liability only. That may make you wonder if it’s worth it to buy full coverage. There is no definitive formula of when to exclude full coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
There are some conditions where dropping physical damage coverage is not financially feasible. If you still have a loan on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage.
Drive safe and save
The ideal way to receive the most affordable auto insurance rates in Fort Wayne for drivers with handicaps is to pay attention while driving and have a clean driving record. The information below demonstrates how traffic citations and at-fault collisions can raise auto insurance rates for different categories of driver ages. Data assumes a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.
In the previous example, the average cost of an auto insurance policy in Fort Wayne per year with a clean driving record and no accidents is $1,577. Add in two speeding tickets and the average cost jumps to $2,075, an increase of $499 each year. Now add one accident along with the two speeding tickets and the 12-month cost of auto insurance for handicapped drivers goes up to an average of $2,591. That’s an increase of $1,014, or $85 per month, just for being a less-than-perfect driver!
Get discounts on Fort Wayne car insurance rates
Insurance providers that offer coverage for handicapped drivers may have policy discounts that could lower prices by as much as 35% or more if you are eligible. Larger auto insurance companies and a partial list of their discounts include:
- American Family has savings for early bird, multi-vehicle, defensive driver, air bags, and TimeAway discount.
- State Farm discounts include accident-free, Steer Clear safe driver discount, anti-theft, good driver, and passive restraint.
- 21st Century offers discounts for driver training, automatic seat belts, good student, defensive driver, air bags, and anti-lock brakes.
- Travelers offers premium reductions for IntelliDrive, hybrid/electric vehicle, early quote, student away at school, save driver, and home ownership.
- GEICO includes discounts for five-year accident-free, military active duty, multi-vehicle, emergency military deployment, and federal employee.
The information below visualizes the comparison of insurance costs with and without some available policy discounts. The data assumes a female driver, no tickets, no at-fault accidents, Indiana state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with marriage, vehicle safety, safe-driver, multiple policy, multiple vehicle, and accident-free discounts applied. When drivers qualify for the discounts, the average amount saved each year on auto insurance for handicapped drivers is 27% or $380.
The benefit of shopping around
Fort Wayne, IN auto insurance rates are influenced by many factors that can increase the price you have to pay. Simply turning a year older, getting married, or getting a speeding ticket can produce rate changes resulting in some companies being more affordable than before.
Not only may your situation change, but insurance companies modify pricing as needed to adjust for heavy claims or excess profits. An unexpected high level of claims may result in additional premium costs, while lower claims may cause lower-cost Fort Wayne car insurance rates.
To illustrate this example, the graph below analyzes the cheapest car insurance in Fort Wayne, IN for a 45-year-old male driver with no accidents or violations, and good credit. If we estimate rates based on his personal risk profile, Travelers may have the cheapest car insurance rates in Fort Wayne at $647 a year. This is $593 less than the average price paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve also make the list of the best Fort Wayne, IN auto insurance companies.
The chart below compares rates after we give the driver from the first set of rates a claim, a lower credit score, and a blemish on his driving record. Due to the fact that every insurance company uses their own method to establish rates, analyzing rate quotes could result in a significantly different list of companies as shown below.
Auto-Owners now has the lowest price on auto insurance in Fort Wayne with The Hartford, Nationwide, Cincinnati Insurance, and Hastings Mutual now rounding out the top five. This illustrates why Fort Wayne drivers need to perform a complete rate comparison to get the lowest insurance quotes for handicapped drivers. Insurance prices are impacted by many risk factors and change dramatically, so the most affordable company the last time you shopped your coverage around may now be an over-priced policy.